SUMMIT FIRST S & LA Failed 1990
What happened
SUMMIT FIRST S & LA of SUMMIT, IL was closed on 1990-07-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MARQUETTE NB (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2847
- FDIC Certificate
- 29023
- FDIC FIN
- 7059
- Bank name
- SUMMIT FIRST S & LA
- Location
- SUMMIT, IL
- Failure date
- 1990-07-13
- FDIC resolution date
- 1990-10-26
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $-0M
- Deposits at failure
- $56M
- Assets at failure
- $58M
- Acquiring bank
- MARQUETTE NB (CHICAGO, IL)
Other banks MARQUETTE NB acquired in FDIC resolutions